According to the latest report by IMARC Group, the global meat substitutes market size reached US$ 5.10 Billion in 2020.
Meat substitutes, also known as mock meats, are vegetarian food items that taste, look, and feel like poultry, meat, and fish.
2. Report Description
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Report Description and Highlights
Global Meat Substitutes Market Outlook 2026:
According to the latest report by IMARC Group, titled "Meat Substitutes Market: Global Industry
Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the global meat substitutes market
size reached US$ 5.10 Billion in 2020.
Meat substitutes, also known as mock meats, are vegetarian food items that taste, look, and feel like
poultry, meat, and fish.
They are made from grain- and plant-based sources that mimic animal-based products in taste and
appearance.
They are processed with various food additives, emulsifiers, coloring and leavening agents for
improved flavor, texture, and shelf life. Soy, tofu, tempeh, textured vegetable protein (TVP), and seitan
are some of the common meat substitutes available in the market.
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4. Report Description
Report Description and Highlights
Global Meat Substitutes Market Trends:
The global meat substitutes market is primarily being driven by the increasing awareness regarding the
associated health concerns with high meat consumption. Consequently, individuals are increasingly
adopting vegetarian and vegan diets.
This is further catalyzed by the rising health consciousness among the masses. Various animal welfare
programs, which promote the consumption of plant-based foods, such as cereals, pulses, vegetables,
fruits, nuts, seeds, herbs, and spices, are acting as another major growth-inducing factor.
The market is further driven by an enhanced focus toward sustainable development, which is
facilitating the uptake of meat substitutes. Numerous fast-food giants, such as McDonald's and Burger
King, have launched plant-based burgers in the market to meet consumer demand.
The rise of the organized retail sector and online retail portals for seamless delivery services is also
boosting the meat substitutes market.
5. Market Summary:
Breakup by type:
• Tofu and tofu ingredients
• Tempeh
• Textured vegetable protein
• Seitan
• Quorn
Breakup by Category:
• Frozen
• Refrigerated
• Shelf-stable products
Looking forward, the market value is expected to exceed US$ 7.8 Billion by 2026, expanding at a CAGR
of 7.50% during 2021-2026.
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6. Breakup by Source:
• Soy
• wheat
• Microprotein
Breakup by Region:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Breakup by Distribution Channel :
• Supermarkets and hypermarkets
• Health food stores
• Convenience stores
Report Description
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7. Competitive Landscape With Keyplayer:
• Nisshin OilliO Group Ltd.
• DuPont de Nemours Inc.
• Archer Daniels Midland Company
• Amy's Kitchen Inc.
• Conagra Brands, Inc.
• Quorn Foods
• Cauldron Foods
• Campbell Soup Company
• VBites Foods Limited
• Blue Chip Group Inc.
• Field Roast
• Conagra Brands Inc.
• Lightlife Foods Inc.
• Nestlé SA
• MGP
View Report TOC, Figures and Tables : https://www.imarcgroup.com/meat-substitutes-market
Report Description
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9. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients